Landis.... You P.M.ed me to read your post????? DUH By the way there is an "aisle" regardless of the majority. There's a new and radical concept to ponder! Present actions by the Democrats show their willingness to cross the "aisle" as does their history. Of course I know the real definition of cross the aisle. Do you? Don't bother to P.M. me just respond on the board. I haven't put you on ignore yet.
I cannot believe you thought this was a good speech he broke the two cardinal rules when talking about the market, first he spoke about increased regulation, second he talked about raising taxes, i cannot believe as a trader you liked that speech. The market showed exactly how much it liked the speech today, say what you want but even when Bush spoke the markets rallied. The move today was blatantly obvious there was no way we were closing up, after those 2 lines. Now you are going to come at me with something stupid like "but the market needs regulation." Yes we do need regulation but to say it in those terms in a press conference on every single channel is downright stupid i say we hit lower lows within a couple weeks if not days. People love the way he speaks but every single time he has spoken the market has reacted negatively, so he is throwing trillions into a lost cause.
Thunderdog wrote: Protectionism invokes retaliatory responses from trading partners who then all engage in one-upmanship. That stifles trade. Exports suffer. Protectionism also makes the "protected" domestic industries less competitive on the world stage, not unlike rewarding bad behavior. See how that works? ------------------------------------------------------------------------------ I don't wish to steal your thunder but I was an economics major and I fully understand the issue. For your information, the posting concerned the President trying to appease both the 'free traders' and those who support protectionism.
Leave it to your lack of brain-power to think that the worst GLOBAL economy in 35 years is going to immediately respond to anything that a new President says ( or doesn't say ) 30 days into the job. The DEFLATIONARY forces out there are huge, and will still be in control for many quarters to come. But leave it to you to think that the market acts like anything more than a "2-year old having a temper-tantrum when it doesn't get what it wants immediately." You clearly have not taken even the most basic course in Economics . . . but thanks for "chiming" in. Perhaps you can all give us a lecture on CDS exposure tomorrow, and who it was that spear-headed the legislation that allowed that crap to "trade" OTC, off-exchange, and with absolutely no oversight or regulation whatsoever. (I'll give you hint: John McCain appointed him as McCain's economic advisor)
...Suggests an honest president who speaks clearly and without obfuscation. Essential medicine, however foul-tasting you may find it to be, remains essential medicine. If he were to tell you that it tastes like honey, would you suddenly find it delicious? Would that enhance his credibility with you? Would you prefer to be treated as an adult or as a child?
Who says that he was preparing a speech for the markets? Oh, I forgot. You are the "2-year old that wants his Mommy to give him a candy bar immediately."